How might adding confidence intervals help managers

Assignment Help Business Management
Reference no: EM131436612

Discussion 1

Many people do not "like" or "trust" single point estimates for things they need measured. Looking back at the data examples you have provided in the previous discussion questions on this issue, how might adding confidence intervals help managers accept the results better? Why?

Ask a manager in your organization if they would prefer a single point estimate or a range for important measures, and why? Please share what they say.

Guided Response: Review several of your classmates' posts. Respond to at least two classmates by commenting on whether or not you think adding or using confidence intervals would result in greater acceptance. Explain if you agree or disagree with the role of a confidence interval in the interpretation of the answer.

Carefully review the Discussion Forum Grading Rubric for the criteria that will be used to evaluate this Discussion Thread.

Reference no: EM131436612

Questions Cloud

Discuss the various marketing strategies mattel executives : Discuss the various marketing strategies Mattel executives may use for Monster High as it progresses through the stages of the product life cycle. What aspects of the marketing mix should be emphasized at each stage and discuss why youbelieve those a..
Discuss your decision in the context of the pros you listed : Discuss your decision in the context of the pros and cons you listed. Cite a minimum of two scholarly articles or case studies to support your decision.
Relate a real life experience that supports your claim : “When an Israeli man wants to date a woman, he asks her out that night. When an Israeli entrepreneur has a business idea, he will start it that week. The notion that one should accumulate credentials before launching a venture simply does not exist. ..
What is average time patient spends waiting to triage nurse : At a different emergency room (ER), patients arrive at a rate of 3.9 per hour. The triage nurse takes exactly 8.4 minutes to perform intake for each patient. Assume all patients must be processed by the triage nurse, and that there is only one triage..
How might adding confidence intervals help managers : BUS 308- Looking back at the data examples you have provided in the previous discussion questions on this issue, how might adding confidence intervals help managers accept the results better? Why?
What is approximate market for electric bicycles in france : What is the approximate market for electric bicycles in France? What are 5 hurdles we would have to overcome? What are 3 possible strategies we could pursue entering the French market?
Construct the bonferroni confidence intervals : If MSE = 136,146, construct the Bonferroni 95% confidence intervals to isolate the population mean payments that are significantly different.
Effects of sexual objectification towards women : What are the effects of sexual objectification towards women and judging a woman by her look? Name as many as possible please, no details needed.
Define both income and wealth : Define both income and wealth. Are both of these elements distributed equally in the United States? Which is more unevenly distributed within the United States? Is that difference becoming smaller or greater?

Reviews

Write a Review

Business Management Questions & Answers

  What are your fixed costs for school

a. What are your fixed costs for school, i.e. even if you chose to never attend class thissemester, what costs did you have to pay?

  What is the maximum income

For each $1 increase in rate, 5 fewer cars are rented. At what rate should the cars be rented to produce the maximum income? What is the maximum income?

  Elaine and roy are registered nurses they want to begin a

elaine and roy are registered nurses. they want to start a home health agency taking referrals from physicians and

  Board of directors in corporate governance

What is the role of the board of directors in corporate governance? What responsibilities does the board have?

  Differentiating profitability between the two companies

How can you explain the difference in profitability between the two companies?

  Factors of production-capital and labor

Assume that Germany has only two factors of production, capital and labor, and two industries, capital-intensive car production and labor-intensive dairy production. Based on the Heckscher-Ohlin model, who gains and who loses in Germany if the wor..

  Hospitals and healthcare systems

Hospitals and Healthcare Systems (Acute and Short-term care) Continuum of Long-term Care System of Mental and Behavioral Health Services 1. Identify the three key factors of the three systems.

  Value in decimal format and report

What is the probability that a five card poker hand containns a flush (including straight and royal flush) that, is five cards of the same suit? (Note: Enter the value in decimal format and report it to five decimal places)

  Cost of capital of the firm (wacc)

Cost of capital of the firm (WACC)

  Work specialization and brainwashing

Work specialization can be best described as "the degree to which activities in the organization are subdivided into separate jobs"

  Ethics-a personal perspective

In your first Learning Activity for week 1 you discussed some things that come to mind when you think of the word "ethics". Over the course of the past 8 weeks, has your view or conception of ethics changed in any way?

  Subsequently subtracting taxes

He supposes the cleaning and repair cost on each house to average $3700 with a standard deviation of $1450. When he sells those subsequently subtracting taxes and other closing costs, he expects to gather an average of $39000 per house with a stan..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd